8. Troy has a retirement account worth $1,250,000. The accountdraws 4.5% compounded monthly. a. How much can he withdraw each month and not change the balance? b. If he withdraws $4000 each month,...

8. Troy has a retirement account worth $1,250,000. The accountdraws 4.5% compounded monthly.

a. How much can he withdraw each month and not change the balance?

b. If he withdraws $4000 each month, what will be the value of the account in 20 years?

c. How much can he withdraw each month from the $1,250,000 to make the account last 30 years?